Form 4: Stepan Co Director F. Quinn Stepan Jr. Reports Acquisition of Shares and Transfer to Joint Account

Director F. Quinn Stepan Jr. reports acquiring shares of Stepan Co stock through dividend reinvestments and transferring shares to a joint account.

Summary

• On May 10, 2024, F. Quinn Stepan Jr., a director of Stepan Co, acquired 1,396 shares of common stock at a price of $89.53 per share.
• This acquisition was made through dividend reinvestments.
• Mr. Stepan also transferred 22,916 shares from his individual account to a joint account.
• Following these transactions, Mr. Stepan directly owns 226,434.861 shares of common stock and indirectly owns 114,921 shares through a joint tenancy with his spouse.
• He also holds 77,250.635 share units under the Management Incentive Plan (MIP).

Sentiment

Score: 5

Explanation: The document is a standard SEC filing reporting insider transactions. It doesn't inherently convey positive or negative sentiment.

Industry Context

This filing is a routine disclosure of insider transactions, which are common in publicly traded companies. It provides transparency into the trading activities of company directors.

Stakeholder Impact

• The transfer of shares to a joint account may have implications for estate planning and wealth management for the reporting person.
• The acquisition of shares through dividend reinvestments demonstrates a continued investment in the company by the director.

Key Dates